Hertz Earnings Reports

Hertz saw declining revenue and a net loss in Q1 2025, but significant operational improvements in fleet management, cost control, and depreciation are setting up the company for future profitability.

Hertz Global Holdings, Inc. reported Q4 2024 results with revenue of $2.0 billion and a GAAP net loss of $479 million, or $1.56 loss per diluted share. The company focused on stabilizing the business and implementing fundamental changes. A 30,000 EV fleet reduction announced in 2023 has been completed and the company had strong corporate liquidity of $1.8 billion at the end of the quarter.

Hertz Global Holdings reported a third quarter revenue of $2.6 billion. The company experienced a GAAP net loss of $1.3 billion, which included a non-cash asset impairment charge of $1.0 billion, and an adjusted net loss of $208 million. Corporate liquidity stood at $1.6 billion at the end of the quarter.

Hertz Global Holdings reported second quarter 2024 results with a revenue of $2.4 billion. The company experienced a GAAP net loss of $865 million, or $2.82 loss per diluted share, and an adjusted net loss of $440 million, or $1.44 loss per diluted share. Adjusted Corporate EBITDA was negative $460 million, primarily due to a significant increase in vehicle depreciation. The company raised $1 billion to bolster liquidity and de-risk its fleet refresh, with corporate liquidity at $1.8 billion at the end of the quarter.

Hertz Global Holdings reported a revenue of $2.1 billion for Q1 2024, a 2% increase year-over-year. However, the company experienced a GAAP net loss of $186 million, or $0.61 loss per diluted share, and an adjusted net loss of $392 million, or $1.28 loss per diluted share. The results were weighed down by increased vehicle depreciation, particularly related to EVs held for sale.

Hertz Global Holdings reported Q4 2023 revenue of $2.2 billion, a 7% increase year-over-year, driven by increased volume across leisure, corporate and rideshare customer channels. The company faced headwinds related to its electric vehicle fleet, resulting in a GAAP net loss of $348 million, or $1.14 loss per diluted share, and an adjusted net loss of $418 million, or $1.36 loss per diluted share.

Hertz Global Holdings, Inc. reported third quarter 2023 results with total revenues of $2.7 billion and GAAP net income of $629 million.

Hertz Global Holdings, Inc. reported strong second quarter 2023 results with total revenues of $2.4 billion and a net income of $139 million. The company's focus on asset returns and investments in technology and electrification contributed to the positive performance.

Hertz Global Holdings, Inc. reported first quarter 2023 results with total revenues of $2.0 billion and GAAP net income of $196 million, or $0.61 per diluted share. Adjusted Corporate EBITDA was $237 million, representing a 12% margin.

Hertz Global Holdings, Inc. reported a strong fourth quarter in 2022, with total revenues of $2.0 billion, up 4% from Q4 2021. Net income was $116 million, and Adjusted Corporate EBITDA was $309 million, a 15% margin. Adjusted earnings per share was $0.50. The company acquired 19 million shares, or 6% of its common stock, during the quarter.

Hertz Global Holdings, Inc. reported Q3 2022 results with total revenues of $2.5 billion and a net income of $577 million. The company focused on operational excellence and fleet optimization, facilitating investments in strategic priorities such as electrification.

Hertz Global Holdings, Inc. reported strong second-quarter results with total revenues of $2.3 billion and a net income of $940 million. The company achieved record Adjusted Corporate EBITDA and adjusted free cash flow, driven by positive market conditions and high demand. Hertz continued to invest in technology and a younger fleet while returning capital to shareholders.

Hertz Global Holdings reported a strong first quarter in 2022, with total revenues of $1.8 billion, a 57% increase compared to the first quarter of 2021 excluding Donlen. The company's GAAP net income was $426 million, or $0.82 per diluted share, and adjusted Corporate EBITDA was $614 million. The results reflect a sharp rebound in travel, high volumes, sustained pricing, and cost discipline.

Hertz Global Holdings reported strong Q4 2021 results, with revenues of $1.9 billion, a GAAP net loss of $260 million, and adjusted net income of $426 million. The company achieved a record fourth quarter Adjusted Corporate EBITDA of $628 million and liquidity of $3.2 billion. Full year revenue reached $7.3 billion with adjusted EPS of $4.39.

Hertz Global Holdings reported total revenues of $2.2 billion for the third quarter of 2021, a 19% increase from the second quarter of 2021. Net income was $605 million, or $1.13 per diluted share. The company reported record Adjusted Corporate EBITDA of $860 million and a record Adjusted Corporate EBITDA Margin of 39%.

Hertz Global Holdings reported a strong second quarter in 2021 with total revenues of $1.9 billion, up 62% from the first quarter, and an adjusted Corporate EBITDA of $639 million, a company record. The company emerged from Chapter 11 on June 30, 2021, with a significantly improved financial position and is planning a re-IPO by the end of the year.

Hertz Global Holdings reported Q4 2020 revenue of $1.2 billion, a net loss of $289 million, and an Adjusted Corporate EBITDA loss of $140 million. The company is progressing with its Chapter 11 reorganization and aims to emerge by mid to late summer. Despite the difficulties, cost savings were achieved, and customer satisfaction remained a priority.

Hertz Global Holdings reported Q3 2020 financial results with a revenue of $1.3 billion and a net loss attributable to the company of $222 million. The company's liquidity at the end of the quarter was $1.1 billion. They are progressing well with their U.S. Chapter 11 process.

Hertz Global Holdings reported a challenging second quarter due to the pandemic's impact on global travel. The company focused on aligning labor with rental demand, canceling fleet orders, cutting non-essential spending, and consolidating locations. Despite a 67% decline in global revenue, there was sequential monthly improvement as states and countries began to re-open.

Hertz Global Holdings reported a consolidated revenue of $1.9 billion and a net loss of $356 million for Q1 2020, heavily impacted by the COVID-19 pandemic which caused global travel demand to plummet. The company focused on employee and customer safety, expense mitigation, and preserving liquidity, implementing stringent cost-saving measures and adjusting operations to reflect market realities.

Hertz Global Holdings reported a 1% increase in total revenues for Q4 2019, reaching $2.3 billion. The net loss attributable to Hertz Global was $118 million, or $0.83 loss per diluted share. Adjusted Corporate EBITDA was $54 million, compared to $49 million in the same period last year.